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Panama Remittances Received

Personal remittances received  BX.TRF.PWKR.CD.DT

$577.1M +$45.5M (+8.6%)
Year 2025 Rank #113 Global Peak $756.4M (2014) Source World Bank

Panama Remittances Received (1977–2025)

Overview

Panama's remittances received stood at $577.1M in 2025, a rise of +$45.5M from 2024. Based on recent trends, this figure is projected to reach $577.1M by 2025. Panama ranked 113th globally.

Data & projection

Year Remittances Received YoY change Rank
2027* trend $624.9M - -
2026* trend $601.0M - -
2025* trend $577.1M - -
2025 $577.1M +$45.5M #113
2024 $531.6M +$15.9M #69
2023 $515.7M −$10.7M #70
2022 $526.4M −$40.3M #74
2021 $566.7M +$180.2M #78
2020 $386.5M −$194.3M #69
2019 $580.9M +$43.0M #85
2018 $537.9M +$4.5M #81
2017 $533.4M +$30.8M #81
2016 $502.5M −$51.7M #82
2015 $554.2M −$202.2M #87
2014 $756.4M +$295.0M #93
2013 $461.4M +$50.5M #77
2012 $410.9M +$42.7M #76
2011 $368.2M −$41.8M #74
Show all years (1977-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.9% GDP growth 2.9% C/A balance 0.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →

Frequently Asked Questions

What is Panama's remittances received?

Panama's remittances received was $577.1M in 2025. Ranked 113th globally. This represents a 8.6% increase from the previous year.

What was the highest remittances received in Panama?

Panama's remittances received peaked at $756.4M in 2014.

What was the lowest remittances received in Panama?

The lowest remittances received in Panama was $16.4M in 2000.

How does Panama rank in remittances received?

Panama ranks 113th globally in remittances received as of 2025.

What is the World Bank indicator code for remittances received?

The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.

What is the projected remittances received of Panama in 2025?

Panama's remittances received is projected to reach $577.1M by 2025 based on trend extrapolation.

What is Panama's remittances received in million?

Panama's remittances received was approximately 577.11 million ($577.1M) in 2025.

What is the remittances received of Panama in 2025?

The remittances received of Panama in 2025 was $577.1M. This ranks 113th in the world.

Cite this page

APA
Panama Remittances Received. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/panama/remittances
BibTeX
@misc{historysaid_panama_remittances, title = {Panama Remittances Received}, url = {https://historysaid.com/panama/remittances}, publisher = {HistorySaid}, year = {2026} }